We will discuss your requirements with you and provide you with tailored information and constructive advice on a regular basis.

Audit

Our audit team provides a variety of audit based services including, but not limited to:

Trust Account Auditing

Travel Compensation Fund Audits

Statutory Audits

Incorporated Association Audits

Self-Managed Superannuation Fund Audits

Contact us to discuss your audit requirements with one of our experienced staff.

Bookkeeping & Software Solutions

Modern business demands up-to-date accurate financial information.

We have highly trained staff proficient in various bookkeeping and accounting software packages including MYOB, Quickbooks, Quicken & Phoenix. Let us help you make the right choice when it comes to accounting software.

Our firm is recognised as a professional partner with MYOB and Quicken and can assist in the purchase, setup, ongoing data entry and maintenance of these software packages.

We are also proficient in the use and setup of many of the cloud based platforms, including Xero, MYOB Account Right Live and MYOB Essentials.

A decent accounting system will help you manage your business.

Choosing the right system for your business can be a difficult one - after all there are over sixty different accounting packages available in Australia. Here at Kilara we have invested considerable resources into on-going staff training to ensure we are able to recommend the best accounting solution for your business.

We also offer our clients the Banklink service which is an effective and efficient means of collecting tax and accounting information. The monthly download service is provided free of charge to our clients and is designed to simplify the data collection process. We find this service to be a cost effective means of collecting client information to allow us to produce accurate financial reports.

For more information on the range of solutions we can offer please contact us.

Budgeting and Cashflow Forecasting

A good budget is a necessity in a good business plan. It is one of the best business tools we have, allowing us to set financial targets and measure our performance.

In addition to goal setting value, budgets will often improve your chances of acquiring funding. Financers often require budgets as a prerequisite for funding approval.

The techniques we utilise in the formation of financial projections will allow you to consider future scenarios and give you goals to strive for in your business. There are many types of budgets and we can help you design the right budget for your needs and requirements. One style of budget is a cashflow budget allowing you to:

Realise and understand when cash is available

Plan and prepare for expansion, stock control, and taxes

Let us show you how a budget is able to provide feedback to allow you to prepare for the future of your business.

Armed with this information, we'll work with you to develop action strategies to improve your bottom line.

Business Analysis & Development

Have you ever wondered how your business performs compared to your competitors? Are your costs too high or are there other ways to improve your business? Have you considered benchmarking your business against industry standards?

Survival in today's business climate requires you to spend more time working on your business rather than in the business.

We can provide you with accurate, timely and informative reports - allowing you to:

See how your business compares against your competitors

Understand how the rest of your industry works

Analyse the key performance indicators of your industry

Armed with this information, we will work with you to develop action strategies to improve your bottom line.

We can also assist in specific management strategies to build your performance.

Business Plans and Start-up

Let us help you turn your business idea into a reality.

If you have a good idea for a new business venture but don't have expertise in the legal or financial aspects of creating a new business, we can help you:

Prepare a business plan, cash-flow projections, budgets, and trading forecasts.

Assess your finance requirements, advise on the best structure and sources of finance, assist in finding a lender and completing the finance application.

Decide on the most suitable structure for your business - sole trader, partnership, trust or company

Order Trust and Company formation documents as required

Establish a good working relationship with your bank

Register for an Australian Business Number, Goods and Services Tax and other registrations as required by the Australian Taxation Office.

Complete registration procedures as required by the Australian Securities and Investment Commission.

Deal with company secretarial issues

Set up a recording system for your internal use and for complying with statutory requirements

Registration of Trading Names

Centrelink

We can analyse your entitlements and complete the necessary forms to assist in the application for Centrelink benefits and entitlements.

Our experienced team can provide assistance and advice in the following areas

Aged Pension

Austudy

Youth Allowance

Health Care Cards

Residential Aged-Care Assessments

Family Tax Benefits

Carer Payment and Allowance

Gifting

Farms

Review Forms

Our clients appreciate the fact that we take a hands on approach in dealing with Centrelink and other government organisations.

Estate Planning

As unpleasant as the task is, estate planning is one of the necessities in life. It allows peace of mind knowing your hard earned assets will be dealt with in the manner you choose.

For business owners, a plan for succession of ownership is essential. We can guide you through the process of providing for business continuity.

The executor and trustee of a will are required to perform a number of duties. We have developed an Executor's Dossier; a document that provides your executors with information about your affairs. We find that this invaluable information allows executors to deal with your estate in a streamlined manner. Contact us to set this up for you.

We can assist you with the following areas in relation to your estate planning affairs:

Meeting to discuss objectives for your estate

Confirming assets - valuations, inventories, appraisals

Executor’s Dossiers

Asset Protection Strategies

Specialist Taxation advice

Preparation of Estate Taxation Returns

Farm Accounting

Farm accounting involves specific business, financial, and taxation issues, and as such requires a specialist understanding of the industry. Some of our staff are actively involved in farming; we keep abreast of all the developments in agriculture, putting us in a position to provide up-to-date and accurate advice.

We provide specialist advice in relation to farm business structures, investment & taxation.

GST & BAS

The Government introduced the Goods and Services Tax (GST) Legislation on the 1st of July 2000. This legislation significantly increased the compliance burden for many businesses. GST is a complex area of the law and often requires specialist advice. We are able to assist with the preparation of GST returns and offer expert advice on the implications of GST for your business.

The GST related services we offer include, but are not limited to:

GST Registrations

ABN Applications

Preparation of GST Returns

ATO Audit Assistance

Specialist GST Advice

Office Duties

Here at Kilara we understand that day to day office duties are not everyone's cup of tea. To this end we are happy to help out with some or all of the following services:

Wages Processing

Various secretarial tasks

Training in Office duties

Scanning large volumes of documents to electronic version

Shredding

Rental Property

At Kilara we have the necessary expertise to assist in a variety of areas in relation to residential and commercial property.

The services we offer our clients include:

Advice on the purchasing of a property

Advice on funding

Specialist Tax Advice including Building Cost Deductions

Advice on ownership structure

Access to a reputable Melbourne Real Estate Agent

Contact us today for more information on how we are able to assist you in relation to rental properties.

Risk Management

A multitude of risks exist in today's business environment. At Kilara we pride ourselves on our proven ability to accurately assess risk and to protect you from vulnerabilities inherent in your enterprise. An effective risk management strategy will improve performance, allow completion of goals, and protect the value of your business.

A risk assessment includes:

Assembling relevant information about your business and its market

Identifying major risks facing your organisation

Developing a risk strategy

Implementation of the risk management procedures

Selling a Business

Selling a business can be a difficult, often disheartening time. The tasks involved in selling a business can seem particularly arduous. Here at Kilara we are able to relieve that stress for you.

The services we provide in relation to organising the selling of a business include:

Obtaining comparative results

Establishing a realistic sale price

Taking the business to the market

Our friendly and professional staff are able to assist in such a way that a maximum return for your business can be achieved.

Strategic Planning

The pressures of daily business can often mean that strategic planning takes a back seat - but to have a successful business you must plan ahead.

We'll help you establish a strategic plan that looks at where you want your business to be in the next 3-5 years and exactly how you and your team can achieve these aims and objectives.

Your strategic plan will:

Define the characteristics of your company in 3-5 years

Identify your competitors

Define your objectives and financial goals

Put in place an effective implementation plan to achieve your goals

Succession Planning & Exit Strategies

In ensuring the long term success of your business, it is critical to establish a well-designed succession plan. Coordination of the transition of your business to your successors can be an arduous process. However, with our years of experience we can address the complex issues of business continuation, taking the stress off your shoulders.

Contact us for more information on forming a plan that allows for a hassle free continuation of your business.

Taxation

We tailor specific advice to help minimise tax while maximising other entitlements.

At Kilara we offer a full range of taxation services and offer advice based on proven knowledge and experience. Our proactive approach ensures we deliver a consistent service and build solid relationships which stand the test of time.

Taxation can be a major cost to your business. We will work in partnership with you to minimise your tax and help you achieve your key objectives.

We provide a complete service in all of the following areas:

Personal and business income tax returns

Tax minimisation

Assistance with ATO audits or disputes

Preparation of activity statements and advice on payment of tax

GST/FBT obligations

Advice on and implementation of tax effective structures

Trust and Company Formation / Administration

Trust, Company & Superannuation Fund Formation

As part of our service to clients we have access to an exclusive Trust and Superannuation Deed and Company constitution ordering facility. Our quality Deeds and Company Constitutions are written by a specialist firm that provides flexible terms to deal with changing business practice.

Company Administration

Company legislation requires businesses to perform many administration tasks that take up a lot of valuable company time. The last thing you need as a business owner is to be stressed out trying to ensure you are complying with the Corporations Law.

The possible threat of penalties for failing to keep up with the changing rules is too great a risk to take.

At Kilara we are able to relieve this burden for you. Our services include:

General advice on company law

Company formations

Filing of company annual review documentation on your behalf

Preparation of all documentation related to minutes and resolutions

Assistance in changes of directors, shareholders, addresses, and office details

Share transfers

Registered Office Facility

Please contact us for further information on how we can help you to get back to the task of running your business.

Trust Administration

We are able to:

Attend to the special requirements involved in reporting for Trusts

Assist with Trust administration including

Minute keeping service

Annual accounts

Taxation

Income distribution

Contact us today if you require assistance with Trust or Company formation and administration.

Valuations

An independent valuation provides you with answers to the questions you often need to ask about the value of a business.

We are trained and experienced in business valuations and are able to provide you with simple guidelines and formulae for evaluating the worth of a business.